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Ban on Russian Vessels and Oligarch Asset Seizure

This act prohibits Russian vessels from entering U.S. waters and transferring cargo in U.S. ports, aiming to increase pressure on Russia. Violations can lead to vessel seizure, with proceeds from sales directed to humanitarian aid for Ukraine.
Key points
Russian vessels are prohibited from entering U.S. waters or transferring cargo in U.S. ports, with exceptions for safety.
Vessels owned by Russian nationals or the Russian government that violate the ban may be seized and auctioned.
Proceeds from seized vessel auctions will fund humanitarian aid for Ukraine, provided by NATO member states.
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Additional Information
Print number: 117_HR_6890
Sponsor: Rep. Young, Don [R-AK-At Large]
Process start date: 2022-03-01